Edtech Business

Grammarly Nabs $110M to Improve Writers' Spelling and Syntax Online

May 12, 2017

GOOD GRAMMAR PAYS: Are venture capitalists linguistic nitpicks—or do they just want more autocorrect? Either way, money is pouring into improving grammar, and Grammarly Inc. is cashing out. The free software and web browser extension, which points out writing errors like spelling mistakes and awkward phrasing, just raked in $110 million from Silicon Valley VC firm General Catalyst, Bloomberg reports. Investors Breyer Capital, IVP, SignalFire and Spark Capital also contributed to the investment.

A San Francisco-based startup, Grammarly claims 6.9 million people use the tool everyday. According to Bloomberg, the company is profitable and its latest funding round “is among the largest initial investments for a technology startup recently.”

Edtech Business

Grammarly Nabs $110M to Improve Writers' Spelling and Syntax Online

May 12, 2017

GOOD GRAMMAR PAYS: Are venture capitalists linguistic nitpicks—or do they just want more autocorrect? Either way, money is pouring into improving grammar, and Grammarly Inc. is cashing out. The free software and web browser extension, which points out writing errors like spelling mistakes and awkward phrasing, just raked in $110 million from Silicon Valley VC firm General Catalyst, Bloomberg reports. Investors Breyer Capital, IVP, SignalFire and Spark Capital also contributed to the investment.

A San Francisco-based startup, Grammarly claims 6.9 million people use the tool everyday. According to Bloomberg, the company is profitable and its latest funding round “is among the largest initial investments for a technology startup recently.”

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